Ft. Pierce Term Sheet

Kay:

Attached for your review is the current draft of the Ft. Pierce term sheet on
the 5 year toll. There is still some fine tuning to be done on the
language. I will send the Midway term sheet under a separate email.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 05/02/2001 08:54 AM
---------------------------

Enron North America Corp.

From: Edith Cross 04/30/2001 09:09 AM

To: Fred Mitro/HOU/ECT@ECT
cc: Nick Hiemstra/HOU/ECT@ECT
Subject: Ft. Pierce Term Sheet

Fred,

Here is the Ft. Pierce Term Sheet. Obviously, I have copied Nick's so there
may be a few things I have missed. The main section that I need to you to
focus on is the Operating Limitations and Energy Scheduling. I haven't
changed these at all. Nick is sending his version of the Midway term sheet.
We will get you updated prices soon.

E